All the news from last week
FINRA Strengthens AML Enforcement in Investment Banking and M&A Sector
FINRA is intensifying its focus on AML compliance in investment banking, especially for firms involved in M&A transactions.
Binance Strengthens KYC Compliance in India for AML Regulations
Binance strengthens its KYC requirements in India to meet AML regulations and ensure safer operations for users.
HK SFC Bans CSC Executive for Six Months Over Serious AML Failures
A former CSC executive was banned by the SFC for six months following serious AML and CFT compliance failures, highlighting the need for robust ris...
How Gift Cards, Loyalty and Mileage Programs Fuel Money Laundering Schemes
Gift cards, mileage and loyalty programs are increasingly exploited in money laundering schemes. Here's how criminals use them to disguise illicit ...
Small Law Firm Faces Heavy AML Penalties for Regulatory Failures
A small law firm faces a £36,622 penalty for significant AML compliance failures. This case highlights the importance of adhering to regulatory sta...
Iran and US Sanctions: Treasury Targets Key LPG Magnate
Treasury designates Iranian LPG magnate Seyed Asadoollah Emamjomeh and his network, tightening sanctions on Iranian oil trade and cutting off cruci...
How UK Drug Dealers Launched Their Own Cryptocurrency to Launder Money
A UK street gang has created a cryptocurrency to launder money, taking cryptocurrency crime to new heights with its innovative 'meme coin' strategy.
MGM Resorts Hit With $8.5 Million Fine in Major Money Laundering Case
MGM Resorts faces an $8.5 million fine for failing to prevent illegal bookmaking activities and money laundering at its Las Vegas casinos.
AI-Powered AML Compliance and Fraud Detection with CSI’s TruDetect and TruProtect Solutions
Discover how CSI’s TruDetect and TruProtect use AI to revolutionize fraud detection and AML compliance for financial institutions.
UAE Strengthens Financial Security with Dubai Anti-Money Laundering MoUs
UAE’s Ministry of Economy signed MoUs with Dubai authorities to enhance anti-money laundering measures, focusing on real estate and financial crimes.
The Global Spread of Scam Farms and the Unstoppable Worldwide Billion-Dollar Cyberscam Industry
Scam farms are spreading globally, exploiting vulnerable workers and generating billions through fraud and money laundering. Urgent action is neede...
Father and Son Arrested for Money Laundering 6 Million Euros in Barcelona
A father and son arrested in Barcelona face serious money laundering charges linked to drug trafficking. Their scheme involved laundering millions ...
DOJ Disbands Crypto Crimes Team Amid Shift in Regulatory Focus
The US Department of Justice disbands its National Cryptocurrency Enforcement Team, refocusing on prosecuting crime in the digital asset sector ami...
Iranian National Charged with Running Dark Web Marketplace for Fentanyl and Money Laundering
Iranian national charged with running Nemesis Market, a dark web marketplace selling fentanyl, methamphetamines, and offering money laundering serv...
Costa Rican Bank Faces $100M Money Laundering Probe Amid Growing Financial Scrutiny
Authorities in Costa Rica and Panama investigate a Costa Rican bank for alleged money laundering and tax evasion involving over $100 million in und...
UK Invests £121 Million in Quantum Technology to Combat Financial Crime and Fraud
The UK government’s £121 million investment in quantum technology will address fraud and financial crime, enhancing security and driving economic g...
5 Key Techniques to Track Illicit Real Estate Investments for Money Laundering
Techniques to track illicit real estate investments and detect money laundering in high-value transactions, using tools like data analytics, KYC, a...
FinCEN Extends Real Estate Targeting Orders to Combat Illicit Activity
FinCEN's renewed Geographic Targeting Orders continue to track illicit financial activity in U.S. real estate, focusing on shell companies in high-...
U.S. Treasury Cranks Up Sanctions on Chinese Importers of Iranian Oil
U.S. Treasury’s action against Chinese importers of Iranian oil highlights the ongoing efforts to disrupt Iran’s petroleum exports and global sanct...
Former Peruvian President and Wife Both Sent to Jail for 15 years for Money Laundering
Former Peruvian president Ollanta Humala and wife Nadine Heredia sentenced for laundering millions in Odebrecht scandal, exposing high-level corrup...
